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Palo Alto Networks
PANWTechnologyGenerated Jul 5, 2026, 08:55 PM UTC
PANW (Palo Alto Networks) analytical snapshot. Return on equity 209.38%, ROA 2.20%, ROIC 184.43%. Net income up ▲ +264.7% YoY. Debt/equity 0.07, current ratio 0.86, net debt -$372.5M. Market cap $283.67B at $348.06 per share. Trailing P/E 543.84, P/S 205.78, P/B 10.25. EV/Operating income ≈ 731.47 (EV $283.30B). Risk: Elevated. Macro: Risk-on · Supportive. Composite analytical score -14 (data confidence 75%). Descriptive analytics from public filings — not investment advice.
Market cap
$283.67B
815.00M shares
Price
$348.06
NMS
P/E (ttm)
543.84
Revenue (FY)
—
Net margin
—
Free cash flow
—
Risk level
Elevated
Free SEC analysis
— computed from SEC filings, free to readFree previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score 5Stable
60% conf
Return on equity 209.38%, ROA 2.20%, ROIC 184.43%. Net income up ▲ +264.7% YoY. Debt/equity 0.07, current ratio 0.86, net debt -$372.5M.
- Return on equity 209.38%, ROA 2.20%, ROIC 184.43%.
- Net income up ▲ +264.7% YoY.
- Debt/equity 0.07, current ratio 0.86, net debt -$372.5M.
Revenue (FY)
—
Net margin
—
ROE
209.38%
ROA 2.20%
ROIC
184.43%
EPS (diluted)
$0.64
FY2025
Free cash flow
—
Debt / equity
0.07
Cash $2.36B
Current ratio
0.86
Equity $27.67B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2016 | $598.2M | — | 73.32 | -35.99 | -37.86 | — | -46.42 |
| 2017 | $928.1M | +55.1% | 72.90 | -10.75 | -14.15 | — | -14.67 |
| 2018 | $1.38B | +48.5% | 73.16 | -11.41 | -13.98 | — | -25.37 |
| 2019 | — | — | — | — | — | — | -17.50 |
| 2020 | — | — | — | — | — | — | -7.70 |
| 2021 | — | — | — | — | — | — | -7.43 |
| 2022 | — | — | — | — | — | — | -42.08 |
| 2023 | — | — | — | — | — | — | -237.57 |
| 2024 | — | — | — | — | — | — | -42.08 |
| 2025 | — | — | — | — | — | — | 209.38 |
Revenue (annual, SEC 10-K)
2016: 598
2017: 928
2018: 1,379
2019: 0
2020: 0
2021: 0
2022: 0
2023: 0
2024: 0
2025: 0
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Profitability trends (%)
GrossOperatingNet
Sources:SEC EDGAR — Company Facts (XBRL)
Free previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score -15Stable
80% conf
Latest quarterly report (10-Q) filed Jun 3, 2026. 12 recent 8-K material-event filings in the index. Recent insider Form 4s: 0 buy vs 5 sell transactions — net selling $5.6M.
- Latest quarterly report (10-Q) filed Jun 3, 2026.
- 12 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 5 sell transactions — net selling $5.6M.
- ~10,000+ recent 13F-HR filings reference Palo Alto Networks; broad institutional reporting.
- Recent filers include MAPLELANE CAPITAL, LLC, Axiom Investment Management LLC, MAPLELANE CAPITAL, LLC.
- 20 recent 13G passive institutional ownership notices.
Latest 10-K
—
Latest 10-Q
Jun 3, 2026
8-K (recent)
12
Insider net
-$5.6M
0B/5S
13F filers
10k+
Activist 13D
0
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| MAPLELANE CAPITAL, LLC | 13F-HR | Feb 14, 2023 |
| Axiom Investment Management LLC | 13F-HR | May 13, 2022 |
| MAPLELANE CAPITAL, LLC | 13F-HR | Nov 14, 2022 |
| Game Plan Financial Advisors, LLC | 13F-HR | Apr 12, 2024 |
| MAPLELANE CAPITAL, LLC | 13F-HR | May 16, 2022 |
Recent insider Form 4 activity
| Insider | Date | Net | Buys/Sells |
|---|---|---|---|
| GOETZ JAMES J | Jun 16, 2026 | -$5.6M | 0/5 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Jun 2, 2026 | 8-K | 8-K |
| Apr 13, 2026 | 8-K | 8-K |
| Mar 23, 2026 | 8-K | 8-K |
| Mar 11, 2026 | 8-K | 8-K |
| Feb 17, 2026 | 8-K | 8-K |
| Feb 11, 2026 | 8-K | 8-K |
| Jan 29, 2026 | 8-K | 8-K |
| Dec 11, 2025 | 8-K | 8-K |
Insider Form 4 sentiment (transactions)
Buys: 0
Sells: 5
Buys
Sells
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -74Deteriorating
68% conf
5 risk signal(s), 2 positive signal(s), 3 watch item(s) detected from XBRL filing diff analysis. Strong cash conversion (OCF > NI) combined with growing deferred revenue provides high forward visibility. The business model appears to generate sustainable, recurring cash flows — a positive structural indicator.
- Gross margin compression: Gross margin contracted +46.1%pp (from 407.6% to 361.5%). This may reflect input cost inflation, pricing pressure, or product mix shift toward lower-margin segments.
- NEW: Going concern doubt in latest filing: The term "going concern" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 4 filing(s).
- Material weakness in internal controls: The term "material weakness" appears in 27 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- NEW: Substantial doubt about ability to continue in latest filing: The term "substantial doubt" "ability to continue" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 3 filing(s).
- NEW: Restatement of financial statements in latest filing: The term "restate" "financial statements" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 7 filing(s).
- Operating cash flow exceeds net income: OCF is 6.32x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- Endogenous analysis: Strong cash conversion (OCF > NI) combined with growing deferred revenue provides high forward visibility. The business model appears to generate sustainable, recurring cash flows — a positive structural indicator.
- 20 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 4 new risk-language term(s) detected in filing text: Going concern doubt, Substantial doubt about ability to continue, Restatement of financial statements, Impairment charge.
- Ongoing high-severity risk language: Material weakness in internal controls.
Revenue
$1.38B
+48.5% YoY
Gross profit
$4.98B
+31.7% YoY
Operating income
$387.3M
+305.1% YoY
Net income
$439.7M
+264.7% YoY
Operating cash flow
$2.78B
+39.9% YoY
Total assets
$19.99B
+37.9% YoY
Total liabilities
$14.82B
+16.2% YoY
Long-term debt
$3.68B
+14.0% YoY
Filing quality score
80/100
20 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $928.1M | $1.38B | $450.4M | +48.5% |
| Gross profit | $3.78B | $4.98B | $1.20B | +31.7% |
| Operating income | $-188.8M | $387.3M | $576.1M | +305.1% |
| Net income | $-267.0M | $439.7M | $706.7M | +264.7% |
| Operating cash flow | $1.98B | $2.78B | $792.8M | +39.9% |
| Total assets | $14.50B | $19.99B | $5.49B | +37.9% |
| Total liabilities | $12.75B | $14.82B | $2.07B | +16.2% |
| Long-term debt | $3.23B | $3.68B | $450.8M | +14.0% |
| Cash & equivalents | $2.12B | $1.14B | $-983.2M | -46.4% |
| Stockholders equity | $210.0M | $210.0M | $0 | 0.0% |
| Inventory | — | $115.9M | — | — |
| Accounts receivable | $2.46B | $2.62B | $155.4M | +6.3% |
| R&D expense | $1.42B | $1.60B | $186.3M | +13.1% |
| Interest expense | $163.3M | $27.4M | $-135.9M | -83.2% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | AccruedLiabilitiesFairValueDisclosure, AssetsFairValueDisclosure, BusinessCombinationContingentConsiderationLiabilityCurrent, BusinessCombinationContingentConsiderationLiabilityNoncurrent, CashAndCashEquivalentsFairValueDisclosure, ConvertibleDebtNoncurrent, DerivativeAssets, DerivativeGainLossOnDerivativeNet, EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents, ForeignCurrencyContractAssetFairValueDisclosure |
| Removed | AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment, AmortizationOfFinancingCosts, AssetImpairmentCharges, CurrentFederalTaxExpenseBenefit, CurrentForeignTaxExpenseBenefit, CurrentStateAndLocalTaxExpenseBenefit, DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger, DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss, DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months, DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Going concern doubt | high | 4 | 0 | NEW |
| Material weakness in internal controls | high | 27 | 2 | Ongoing |
| Substantial doubt about ability to continue | high | 3 | 0 | NEW |
| Restatement of financial statements | high | 7 | 0 | NEW |
| Impairment charge | medium | 13 | 0 | NEW |
| Restructuring | medium | 4 | 1 | Ongoing |
| Off-balance sheet arrangements | medium | 41 | 1 | Ongoing |
| Related party transactions | low | 13 | 0 | NEW |
Filing signal breakdown
Red flags: 5
Positive: 2
Watch: 3
Red flags
Positive
Watch
Unlock the rest
- ProValuationMarket cap $283.67B at $348.06 per share.
- ProPrice & TechnicalsPrice $348.06 — uptrend (above 200-DMA); 1-month momentum positive.
- ProMacro & RatesMarket regime: Risk-on · Supportive.
- ProRisk ScorecardComposite risk: Elevated.
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3 sections free · 4 Pro sections locked · composite -14
Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. Palo Alto Networks is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
16.59
Fed funds
3.63%
CPI YoY
+4.2%
Analytical read
deterministic previewPrice $348.06 — uptrend (above 200-DMA); 1-month momentum positive..
Risk
Elevated
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow PANW stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Marathon Petroleum MPC | 25 | Supportive |
| Nike Inc. NKE | 24 | Supportive |
| Airbnb Inc. ABNB | 22 | Supportive |
| Datadog Inc. DDOG | 16 | Supportive |
| Okta Inc. OKTA | 15 | Supportive |
| Valero Energy VLO | 13 | Supportive |
| Deere & Co. DE | 12 | Supportive |
| ASML Holding NV ASML | 10 | Supportive |
| Marriott International MAR | 10 | Supportive |
| GE Aerospace GE | 10 | Supportive |
| United Parcel Service UPS | 9 | Supportive |
| Snowflake Inc. SNOW | 8 | Supportive |
| Cloudflare Inc. NET | 8 | Supportive |
| NVIDIA Corp. NVDA | 7 | Supportive |
| Alphabet Inc. GOOGL | 7 | Supportive |
| General Motors Co. GM | 7 | Supportive |
| Booking Holdings BKNG | 6 | Supportive |
| Nucor Corp. NUE | 5 | Supportive |
| Shopify Inc. SHOP | 5 | Supportive |
| Ulta Beauty Inc. ULTA | 5 | Supportive |
| Pinterest Inc. PINS | 5 | Supportive |
| Amazon.com Inc. AMZN | 4 | Supportive |
| Microchip Technology MCHP | 3 | Supportive |
| Warner Bros Discovery WBD | 3 | Supportive |
| Adobe Inc. ADBE | 3 | Supportive |
| Intuit Inc. INTU | 2 | Supportive |
| General Dynamics GD | 1 | Supportive |
| Roku Inc. ROKU | 1 | Supportive |
| Lockheed Martin LMT | 0 | Supportive |
| Boeing Co. BA | 0 | Supportive |
| Hess Corp. HES | 0 | Supportive |
| MercadoLibre Inc. MELI | -1 | Supportive |
| EOG Resources EOG | -2 | Supportive |
| Applied Materials Inc. AMAT | -2 | Supportive |
| IBM Corp. IBM | -3 | Supportive |
| Spotify Technology SPOT | -3 | Supportive |
| Energy Transfer ET | -3 | Supportive |
| Meta Platforms Inc. META | -4 | Supportive |
| Uber Technologies UBER | -4 | Supportive |
| Phillips 66 PSX | -4 | Supportive |
| United Airlines Holdings UAL | -5 | Supportive |
| Caterpillar Inc. CAT | -5 | Supportive |
| Alibaba Group BABA | -5 | Supportive |
| Comcast Corp. CMCSA | -6 | Supportive |
| TJX Cos. TJX | -6 | Supportive |
| Starbucks Corp. SBUX | -6 | Supportive |
| Schlumberger N.V. SLB | -7 | Supportive |
| Workday Inc. WDAY | -7 | Supportive |
| McDonald's Corp. MCD | -7 | Supportive |
| Micron Technology MU | -8 | Supportive |
| CF Industries CF | -8 | Supportive |
| Lam Research Corp. LRCX | -8 | Supportive |
| Albemarle Corp. ALB | -8 | Supportive |
| Delta Air Lines DAL | -8 | Supportive |
| Yum Brands Inc. YUM | -8 | Supportive |
| Linde plc LIN | -9 | Supportive |
| Home Depot Inc. HD | -10 | Supportive |
| Sherwin-Williams SHW | -10 | Supportive |
| Chipotle Mexican Grill CMG | -10 | Supportive |
| Old Dominion Freight ODFL | -10 | Supportive |
| Salesforce Inc. CRM | -11 | Supportive |
| Netflix Inc. NFLX | -12 | Supportive |
| Union Pacific Corp. UNP | -12 | Supportive |
| Norfolk Southern NSC | -13 | Supportive |
| Air Products & Chemicals APD | -13 | Supportive |
| Exxon Mobil Corp. XOM | -14 | Supportive |
| Palo Alto Networks PANW● you | -14 | Supportive |
| Royal Caribbean Group RCL | -15 | Supportive |
| Apple Inc. AAPL | -15 | Supportive |
| ConocoPhillips COP | -15 | Supportive |
| Zscaler Inc. ZS | -15 | Supportive |
| Occidental Petroleum OXY | -15 | Supportive |
| Devon Energy DVN | -16 | Supportive |
| Kinder Morgan KMI | -16 | Supportive |
| Cisco Systems Inc. CSCO | -16 | Supportive |
| CSX Corp. CSX | -16 | Supportive |
| Microsoft Corp. MSFT | -16 | Supportive |
| Tesla Inc. TSLA | -17 | Supportive |
| Walt Disney Co. DIS | -17 | Supportive |
| Dow Inc. DOW | -17 | Supportive |
| ON Semiconductor Corp. ON | -18 | Supportive |
| Oracle Corp. ORCL | -18 | Supportive |
| CrowdStrike Holdings CRWD | -18 | Supportive |
| Mosaic Co. MOS | -18 | Supportive |
| RTX Corp. RTX | -19 | Supportive |
| Advanced Micro Devices AMD | -19 | Supportive |
| Freeport-McMoRan FCX | -20 | Supportive |
| Dollar General Corp. DG | -20 | Supportive |
| Eaton Corp. ETN | -22 | Supportive |
| Chevron Corp. CVX | -22 | Supportive |
| T-Mobile US Inc. TMUS | -22 | Supportive |
| 3M Co. MMM | -23 | Supportive |
| Lowe's Cos. LOW | -24 | Supportive |
| Honeywell International HON | -24 | Supportive |
| Texas Instruments TXN | -25 | Supportive |
| Qualcomm Inc. QCOM | -25 | Supportive |
| Marvell Technology MRVL | -29 | Supportive |
| Verizon Communications VZ | -30 | Supportive |
| Intel Corp. INTC | -31 | Supportive |
| ServiceNow Inc. NOW | -33 | Supportive |
| Newmont Corp. NEM | -34 | Supportive |
| Autodesk Inc. ADSK | -34 | Supportive |
| Broadcom Inc. AVGO | -35 | Supportive |